Coelo: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Coelo
Largest movements
- Receivables within one year -€17,347
down €17,347 (-54.2%), from €32,032 to €14,686
of which Other amounts receivable: -€12,485
- Cash -€12,356
down €12,356 (-30.5%), from €40,546 to €28,190
mainly Trade debts (-€27,508) and Tax, wage and social debts (-€5,800)
- Deferred charges and accrued income +€3,663
up €3,663 (+42.1%), from €8,710 to €12,373
- Tangible fixed assets -€1,181
down €1,181 (-32.1%), from €3,677 to €2,495
of which Furniture and vehicles: -€955
- Trade debts -€27,508
down €27,508 (-32.5%), from €84,681 to €57,173
- Profit (loss) carried forward +€6,091
up €6,091 (+344.6%), from €1,768 to €7,859
- Tax, wage and social debts -€5,800
down €5,800 (-45.9%), from €12,625 to €6,826
of which Remuneration and social security: -€3,098
- Staff costs -€43,510
down €43,510 (-96.2%), from €45,248 to €1,738
- Gross operating margin -€42,383
down €42,383 (-73.9%), from €57,334 to €14,951
- Other operating charges -€2,346
down €2,346 (-54.9%), from €4,271 to €1,925
- Financial charges +€1,816
up €1,816 (+188.8%), from €962 to €2,778
- Depreciation -€1,316
down €1,316 (-49.8%), from €2,641 to €1,325
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,830 | €77,994 | -€27,835 | -26.3% |
| Fixed assets | 21/28 | €3,927 | €2,745 | -€1,181 | -30.1% |
| Tangible fixed assets | 22/27 | €3,677 | €2,495 | -€1,181 | -32.1% |
| Plant, machinery and equipment | 23 | €2,721 | €2,495 | -€226 | -8.3% |
| Furniture and vehicles | 24 | €955 | €0 | -€955 | -100.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €101,903 | €75,249 | -€26,654 | -26.2% |
| Stocks and contracts in progress | 3 | €20,614 | €20,000 | -€614 | -3.0% |
| Stocks | 30/36 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Contracts in progress | 37 | €5,614 | €0 | -€5,614 | -100.0% |
| Amounts receivable within one year | 40/41 | €32,032 | €14,686 | -€17,347 | -54.2% |
| Trade receivables | 40 | €12,817 | €7,956 | -€4,861 | -37.9% |
| Other amounts receivable | 41 | €19,215 | €6,730 | -€12,485 | -65.0% |
| Cash at bank and in hand | 54/58 | €40,546 | €28,190 | -€12,356 | -30.5% |
| Deferred charges and accrued income | 490/1 | €8,710 | €12,373 | +€3,663 | +42.1% |
| Total equity and liabilities | 10/49 | €105,830 | €77,994 | -€27,835 | -26.3% |
| Equity | 10/15 | €6,768 | €12,859 | +€6,091 | +90.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,768 | €7,859 | +€6,091 | +344.6% |
| Amounts payable | 17/49 | €99,062 | €65,135 | -€33,927 | -34.2% |
| Amounts payable within one year | 42/48 | €98,600 | €65,135 | -€33,465 | -33.9% |
| Trade debts | 44 | €84,681 | €57,173 | -€27,508 | -32.5% |
| Suppliers | 440/4 | €84,681 | €57,173 | -€27,508 | -32.5% |
| Taxes, remuneration and social security | 45 | €12,625 | €6,826 | -€5,800 | -45.9% |
| Taxes | 450/3 | €8,027 | €5,326 | -€2,701 | -33.6% |
| Remuneration and social security | 454/9 | €4,598 | €1,500 | -€3,098 | -67.4% |
| Other amounts payable | 47/48 | €1,293 | €1,136 | -€157 | -12.2% |
| Accrued charges and deferred income | 492/3 | €462 | €0 | -€462 | -100.0% |
| Non-recurring operating income | 76A | - | €5,326 | +€5,326 | |
| Remuneration, social security and pensions | 62 | €45,248 | €1,738 | -€43,510 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,641 | €1,325 | -€1,316 | -49.8% |
| Other operating charges | 640/8 | €4,271 | €1,925 | -€2,346 | -54.9% |
| Gross operating margin | 9900 | €57,334 | €14,951 | -€42,383 | -73.9% |
| Operating profit (loss) | 9901 | €5,174 | €9,964 | +€4,790 | +92.6% |
| Financial income | 75/76B | €588 | €1,726 | +€1,138 | +193.5% |
| Recurring financial income | 75 | €588 | €1,726 | +€1,138 | +193.5% |
| Financial charges | 65/66B | €962 | €2,778 | +€1,816 | +188.8% |
| Recurring financial charges | 65 | €962 | €2,778 | +€1,816 | +188.8% |
| Profit (loss) for the period before taxes | 9903 | €4,800 | €8,912 | +€4,111 | +85.6% |
| Income taxes | 67/77 | €3,033 | €2,820 | -€212 | -7.0% |
| Profit (loss) for the period | 9904 | €1,768 | €6,091 | +€4,324 | +244.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,768 | €6,091 | +€4,324 | +244.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.